Dallas, TX 75238 Real Estate Market Report

ZIP Code: 75238
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Dallas, TX (ZIP: 75238) reflects a median sold price of $669,000, indicating a stable transaction environment despite recent trends. The neighborhood has decreased 8% since 2022, suggesting a cooling in price appreciation. This decline in sold prices may reflect broader market adjustments as buyers navigate elevated interest rate pressures, currently averaging 6.38% for 30-year fixed mortgages, which is 0.16% higher than the previous year.

Market activity appears to be characterized by elevated inventory levels, with a median days on market of 279 days, indicating slower sales velocity. The median listing price stands at $685,000, which creates a notable pricing gap relative to the sold price, potentially leading to pricing friction as sellers adjust expectations to align with market realities. Overall, the market temperature is described as neutral, suggesting a balanced environment where neither buyers nor sellers hold a distinct advantage.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Dallas, TX are averaging 6.38%, which is 0.16% higher than the 6.22% average from the same week last year.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $669,000 reflects a decrease of 8% since 2022, indicating a shift in buyer sentiment and market conditions.

2. Elevated inventory levels are evident, with a median days on market of 279, suggesting slower sales velocity and potential pricing friction.

3. The median listing price of $685,000 creates a significant gap compared to the sold price, which may lead to pricing adjustments by sellers.

4. Rental demand remains strong with a median market rent of $1,972, although the year-over-year trend is down, indicating potential challenges in rental growth.

5. Current interest rate pressure is elevated, with rates averaging 6.38%, which may continue to influence buyer activity and overall market dynamics.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.